Why did I love this book?
Human Action is Ludwig von Mises's magnum opus.
It is the best Treatise on Economics ever written. It is systematic, complete, and concise. I have read Human Action in three languages, German, English, and Spanish. While the beginning may be rough, the effort is worth it. Every responsible citizen should read it.
Any responsible citizen should know how the economy works, because if he does not know he may be fooled by politicians that promise impossible things. So how can you vote as a responsible citizen on policies if you do not know the consequences of these policies?
3 authors picked Human Action as one of their favorite books, and they share why you should read it.
In Human Action, Mises starts from the ideas set forth in his Theory and History that all actions and decisions are based on human needs, wants, and desires and continues deeper and further to explain how studying this human action is not only a legitimate science (praxeology) but how that science is based on the foundation of free-market economics.
Mises presents and discusses all existing economic theories and then proceeds to explain how the only sensible, realistic, and feasible theory of economics is one based on how the needs and desires of human beings dictate trends, affect profits and losses,…